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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.33

-1.0%

Nov 25 3:59 PM EST

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To: Gregg Powers who wrote (12168)	7/9/1998 8:43:00 PM
From: Ramsey Su	Read Replies (2) of 152472

Gregg, OT - Mexico Even analytically challenged JMD would understand that a bad loan does not mean the total loan is entirely unrecoverable. However, just like the Japanese bad loans, there is too much comparison of these loans to the RTC type bailout. RTC was an S&L, not a bank bailout. Most of those loans were real estate backed. Bank loans are entirely different. If the security is a bankrupt business backed by some personal guarantees, the recovery rate is much lower. The SD Union article suggested that during the last bailout, the Mexican government over paid for loans purchased from bad banks that may be worth 30 cents on the dollar if lucky. Further more, there is a factor of social stability. Despite having OJ and Monica, the US is far more stable and absorbed the S&L crisis with no great damage. Can Mexico withstand same, especially with Salinas still fresh in every citizens' minds? According to AMG Data, another $5+ billion went into the equities market last week while a whopping $17.9 billion went into money market. With so much liquidity, the market will continue to go up regardless of fundamentals. My new motto is sell everything and buy AMZN and YHOO. Ramsey

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